Selected Food Price Watch for October 2024 shows that the average price of 1kg beans brown (sold loose) stood at N2,798.50. This indicates a rise of 254.23% in price on a year-on-year basis from N790.01 recorded in October 2023 and a 2.19% rise in price on a month-on-month basis from N2,738.59 in September 2024. Agric eggs medium size (12 piece) experienced significant price increases year on year by N140.21% from N1,112.22 in October of last year (2023) to N2,671.60 in October 2024.

On a month-on-month basis, the average price of this item rose by 7.42% from N 2,487.04 in September 2024. There was also a notable price increase of bread(sliced) by 103.76% on a year-on year basis from N760.82 in October 2023 to N1,550.24 in October 2024. On a month-on-month basis, it increased by 1.44% from N 1,528.19 in September 2024.

Furthermore, the average price of 1kg Local rice sold loose went up by 137.32% on a year-on-year basis from N819.42 in October 2023 to N1,944.64 in October 2024, while there was an increase of 1.56% on a month-on-month basis. Also, the average price of 1kg of beef boneless increased by 98.73% on a year-on-year basis from N2,948.03 in October 2023 to N5,858.58 in October 2024. On a month-on-month basis, it increased by 3.99% from N5,633.60 in September 2024.

Data source: National Bureau of Statistics

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